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Murljashka [212]
4 years ago
11

Anders Industries currently holds two debts: and $11,000 debt due in 12 months and a $16,000 debt due in 18 months. Anders prepa

res a classified balance sheet using an 18-month operating cycle. How should these debts be classified?
Business
1 answer:
Verdich [7]4 years ago
4 0

Answer:

Both debts ($11,000 + $16,000), totalled $27,000 will be classified as the Current Liabilities (CL)  in the balance sheet.

Explanation:

Liabilities could be classified or recognized as the current or the long term liabilities on the balance sheet grounded on when they are expected to be satisfied.

Liabilities which are expected to be satisfied within one operating cycle or 12 months, which ever is longer and satisfied by using the current assets are recognized as the current liabilities. And all other liabilities are known as long term liabilities.

Under this case, the operating cycle is 18 months, which is the dividing line among the long and current term. So, both the liabilities are current liabilities as are satisfied within the duration of 18 months.

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Calculating deposit needed You put ​$10 comma 000 in an account earning 5​%. After 3 ​years, you make another deposit into the s
Katen [24]

Answer:

Amount deposited at the end of three year will be $4877.8245

Explanation:

We have given principal amount P = $10000

Rate of return = 5 % = 0.05

First take time t = 3 years

So the amount after 3 years

A=P(1+\frac{r}{100})^n=10000\times (1+0.05)^3=$11576.25

Let the amount of deposit after 3 years = x

So total amount of deposit = 11576.25 + x

Amount after 7 years = $20000

So 20000=(11576.25+x)(1+0.05)^4

20000=(11576.25+x)\times 1.2155

20000=14071+1.2155x

x=$4877.8245

6 0
4 years ago
A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in
mr_godi [17]

Answer:

A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in  order to best serve clients?keep the house clean and private

Explanation:

Psychology is a branch of medicine that deals with mental health services and counselling to help assess and improve a patient's mental health state. In the recent past, mental health has become a major concern since it is very important in our social and personal life. Mental health affects how we feel, think and react to various situations in the environment. More people are taking mental health very serious as more people seek the treatments and services of psychologists. A psychologist is one who studies the mental health of people and offers treatment and counsel on how the patient can improve mentally.

Psychologists often require there patients to express their deepest mental and emotional states. This is leaves the patient vulnerable in most cases. To protect patients in such cases against vulnerability, the psychologists are often required to abide by a code of ethics such that the patient information is kept safe and secure. For a self-employed psychologist who treats his patients in an office in his own house, code of practice states that the house has to be clean and private.

4 0
3 years ago
When Ajax Co. produced 3 units of output per​ week, its total fixed cost was ​$100100 and total variable cost was ​$5050. When o
zimovet [89]

Answer:

$170

Explanation:

As we know that

Total cost = Total fixed cost + total variable cost

The total fixed cost would remain the same whether the production level increases or not but the case is not the same as the total variable cost. In total variable cost, the output will change as per the production level changes

When output was 4 units per week, The total cost would be

= Total fixed cost + total variable cost

= $100 + $70

= $170

8 0
3 years ago
please discuss the similarities and differences between transformational and charismatic leadership. Choose an individual that q
Nookie1986 [14]

Answer:

The transformational leaders are bureaucratic and charismatic are people oriented in nature.

Explanation:

  • The charismatic leaders are also called as the transformational leaders and shares various things.
  • Charismatic leaders make their status better and transformational leaders focus on the transformation of the organization's vision. The main difference is the focus and the audience.
  • The charismatic leaders are committed and have engaging personalities like martin Luther king as his speeches were often more tangible than other leaders and used to have a huge influence on the people he met.
  • The charismatic leaders are more emotionally attached to their audience. They work towards an emphasis on the greater good. More people-oriented.

6 0
3 years ago
Why is it money is important in growing company ?
professor190 [17]

Answer:

you need a lot of money to start a company

Explanation:

3 0
3 years ago
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